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Jan 1, 2013
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on the senate floor shortly before midafternoon, minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on a balanced approach. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americ
on the senate floor shortly before midafternoon, minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start...
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Jan 1, 2013
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that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideeled at doing any deal now without substantial spending reductions. >> i just want to say i'm very disappointed with what the president had to say. i'm one senator. i just want to go on record, that is it's absolutely unacceptable to pay for this sequester with revenue. >> reporter: meantime there was growing grumbling in senate democratic ranks that vice presidentiden had given too much ground. >> as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal. and this looks like a very bad deal the way this is shaping up. >> reporter: even the president acknowledged that he would have preferred a grand bargain on taxes and spending now. but he said -- >> with this congress, that
that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideeled at doing any deal now without substantial spending reductions. >> i just want to say i'm very...
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Jan 3, 2013
01/13
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mitch mcconnell was looking at the long run here and saying, okay, if these tax cuts keep expiring, thel keep being used as leverage against us because we'll face automatic tax increases which we really don't want as republicans. by taking that off the table, making them permanent, he gave the president a lot of what he wanted in this deal, which angered some of folks in his base, but he got a permanent solution. what does that mean? that means next year, when they're arguing over spending, if they don't get what they want, something happens to the spending, they don't have their crown jewel, the tax cuts, potentially on the chopping block over year. that's a big deal. and they are already coming out and saying today and for the next couple months, look, you got your tax increases. now give us the spending cuts. we don't want to give any more revenue. so it's going to be much harder for the president-- this was his leverage moment to try to extract some things and, you know, this might be all he gets for t next period of time here as far as revenue. >> woodruff: i'm going to ask of two o
mitch mcconnell was looking at the long run here and saying, okay, if these tax cuts keep expiring, thel keep being used as leverage against us because we'll face automatic tax increases which we really don't want as republicans. by taking that off the table, making them permanent, he gave the president a lot of what he wanted in this deal, which angered some of folks in his base, but he got a permanent solution. what does that mean? that means next year, when they're arguing over spending, if...
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Jan 4, 2013
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on the senate floor today, republican minority leader mitch mcconnell, tookote of the week's events. >> i'd like to welcome everybody back after what i realize was a somewhat abbreviated recess. >> woodruff: mcconnell's minority will be smaller still in the new senate. democrats now have 53 seats to 45 republicans and two independents will caucus with the democrats. in all, there are 12 newly elected senators: eight democrats, three republicans and one independent, angus king of maine. and five women won seats, bringing the total to 20-- th mo ever. some other notables: tammy baldwin of wisconsin, the first openly gay person elected to the senate. and mazie hirono of hawaii, the first asian american woman. both are democrats. on the republican side, ted cruz of texas becomes just the third senator of hispanic heritage. and tim scott of south carolina- - appointed to fill the seat vacated by jim demint-- is the senate's only black member, and the first black republican senator since 1979. freshmen on both sides will now join, in earnest, the fight over spending and taxes, as majority
on the senate floor today, republican minority leader mitch mcconnell, tookote of the week's events. >> i'd like to welcome everybody back after what i realize was a somewhat abbreviated recess. >> woodruff: mcconnell's minority will be smaller still in the new senate. democrats now have 53 seats to 45 republicans and two independents will caucus with the democrats. in all, there are 12 newly elected senators: eight democrats, three republicans and one independent, angus king of...
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Jan 8, 2013
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but the republican leader in the senate, mitch mcconnell was in favor of it. he helped put it together. most republicans in the senate including your fellow texan john cornyn voted for it. >> i would have voted against it because i think it was a lousy deal. it had two parts. number one it raised taxes by $620 billion. that's going to kill jobs. it's going to hurt small businesses. he's going to hurt every american. but number two, it combined those tax increases not with spending cuts, which is what president obama campaigned on every day, but instead with spending increases. $330 billion in additional new spending. that just made the problem worse. it wasn't a serious response to the grave fiscal and economic problems facing this country. >> woodruff: i remember reading your father said that you weren't coming to washington to compromise. are you saying compromise is a bad thing in our system of government? >> well, no, not at all. in fact my view on compromise is exactly ronald reagan's view. president reagan said what do you do if they offer you half a loa
but the republican leader in the senate, mitch mcconnell was in favor of it. he helped put it together. most republicans in the senate including your fellow texan john cornyn voted for it. >> i would have voted against it because i think it was a lousy deal. it had two parts. number one it raised taxes by $620 billion. that's going to kill jobs. it's going to hurt small businesses. he's going to hurt every american. but number two, it combined those tax increases not with spending cuts,...
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Jan 15, 2013
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senate minority leader mitch mcconnell said in a statement the president and his allies need to get serious about spending and the debt limit debate is the perfect time for it. and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers today and with groups on both sides of the issue last week. plans to submit proposals by tomorrow. president obama would not discuss specifics today. instead he said this. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and
senate minority leader mitch mcconnell said in a statement the president and his allies need to get serious about spending and the debt limit debate is the perfect time for it. and speaker of the house john boehner said the consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after...
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Jan 23, 2013
01/13
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. >> ifill: and at the capital today, republican senate minority leader mitch mcconnell joined the criticism >> one thing that pretty clear from the president's speech yesterday, the era of liberalism is back. unabashedly far left of center inauguration speech certainly brings back memories of the democratic party of ages past. if the president pursues that kind of agenda, obviously it's not designed to bring us together and certainly not designed to deal with the transcendent issue of our era which is deficit and debt. until we fix that problem, we can't fix america. >> ifill: white house officials dismissed that critique today. they said the president will speak directly to a wider array of issues in his state of the union address in february. >> brown: so how is the president framing his second term? joining us now for a broad view: angela glover blackwell, founder and c.e.o. of the advocacy group policy link in oakland. the reverend adam hamilton of the united methodist church of the resurrection in leawood, kansas, and author of "when christians get it wrong." as we saw, he delivered to
. >> ifill: and at the capital today, republican senate minority leader mitch mcconnell joined the criticism >> one thing that pretty clear from the president's speech yesterday, the era of liberalism is back. unabashedly far left of center inauguration speech certainly brings back memories of the democratic party of ages past. if the president pursues that kind of agenda, obviously it's not designed to bring us together and certainly not designed to deal with the transcendent issue...
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Jan 30, 2013
01/13
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card possible, this thing is not going to go well, folks >> woodruff: senate republican leader mitch mcconnell said he's withholding judgment for now >> i think predicting how one is going to vote on this package before it gets out of committee is something i'm not prepared to do. but i will say... what i will say is there is obviously bipartisan desire to move forward on immigration legislation. my assumption is the majority leader will be doing that. >> woodruff: that would be nevada democrat harry reid who said lawmakers must act soon. >> i'm very, very hopeful. with the president in las vegas today, he has put his arms around the four senators on the democratic side and the republican side but with a caveat. he won't wait around forever to actually have legislation that we move on >> woodruff: on the newshour last night two members of the bipartisan group talked up their plan's prospect. democrat dick durbin of illinois >> i don't want to say confident because i'm a senator. you know, i spend my whole lif disappointed. i've been 12 years on the dream act but i've never felt better about it
card possible, this thing is not going to go well, folks >> woodruff: senate republican leader mitch mcconnell said he's withholding judgment for now >> i think predicting how one is going to vote on this package before it gets out of committee is something i'm not prepared to do. but i will say... what i will say is there is obviously bipartisan desire to move forward on immigration legislation. my assumption is the majority leader will be doing that. >> woodruff: that would...
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Jan 2, 2013
01/13
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cognizant of the fact that if there's a challenge to the senate bill that was brokered again between mcconnell and vice president biden, that it could spark another spook in the markets. nobody thinks this is quite tarp level. the markets have shown quite a bit of resilience to the fiscal cliff debate. they're not that spooked about it. the debt limit is a much bigger deal to the bond markets frankly but there is cognition around here that this is a factor. >> woodruff: it looks like it will be a long night for you and everybody else up there. thanks very much. >> pleasure, judy. suarez: how does each party view the deal on the table? we got two takes. i spoke earlier tonight with republican congressman tom cole of oklahoma and congressman chris val hollen of maryland. he's the ranking member on the budget committee and part of the democratic leadership team. >> we're doing what you ought to do. >> suarez: and is a vote imminent? >> last night, we're looking and dieding the appropriate way to proceed. i think we'll reach that decision tonight. we're looking for a consensus among our membership
cognizant of the fact that if there's a challenge to the senate bill that was brokered again between mcconnell and vice president biden, that it could spark another spook in the markets. nobody thinks this is quite tarp level. the markets have shown quite a bit of resilience to the fiscal cliff debate. they're not that spooked about it. the debt limit is a much bigger deal to the bond markets frankly but there is cognition around here that this is a factor. >> woodruff: it looks like it...